Wan Hai And ONE Launch New Asia Pacific Service

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  • Wan Hai Lines collaborates with ONE.
  • Wan Hai remains committed to long-haul markets post-COVID.
  • Freight rates and volume increase due to Red Sea and pre-lunar New Year market demand.

Wan Hai Lines collaborates with ONE for a revamped Asia-US west coast service. Marketed as Asia Pacific 1 by ONE.

Revamps Wan Hai’s AA3 service to include additional calls at Hai Phong and Los Angeles reports The Loadstar.

Service Details

Wan Hai provides five 13,000 TEU ships; ONE assigns two similar-sized vessels.

Originally an intra-Asia carrier, Wan Hai expanded to transpacific services in 2020.

Despite post-pandemic rate corrections, Wan Hai remains committed to long-haul markets.

Financial Performance

January revenue increased by nearly 11% compared to December, reaching TW$9.25bn ($295m).

Market Observations

Freight rates and volume increase due to tense situations in the Red Sea and pre-lunar New Year market demand.

Post-China’s New Year holiday, transpacific rates ease but remain significantly higher compared to last year.

Industry Insights

Shippers opt for the US West Coast route to avoid delays caused by issues at the Panama and Suez canals.

Speculation arises about Wan Hai potentially replacing Hapag-Lloyd in THE Alliance in 2025.

Wan Hai’s Perspective

While joining an alliance is an option, Wan Hai focuses on various joint services to expand its network.

A fleet size of 590,000 TEU limits Wan Hai’s contribution to THE Alliance to transpacific services.

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Source: Loadstar